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Fuel SupplierDealer Tax Return Instructions

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Fuel SupplierDealer Tax Return Instructions Powered By Docstoc
					                                                                                           MOTOR CARRIER DIVISION
                                                                                                  555 WRIGHT WAY
                                                                                         CARSON CITY, NV 89711-0600
                                                                                                (775) 684-4711 ext. 2
                                                                                                  fax (775) 684-4619
                                                                                                   www.dmvnv.com

                             FUEL SUPPLIER/DEALER TAX RETURN INSTRUCTIONS

GENERAL INFORMATION

      WHO MUST FILE: Every Fuel Supplier and Dealer of Aviation Fuel or Fuel for Jet or Turbine-Powered Engine is
      required to file a tax return each month. Please include your account number, Business name, and address on the
      tax return in the area provided.

      WHEN TO FILE: This tax return is considered timely filed if it is postmarked by the United States Postal Service on
      or before the last day of the month following the tax month covered by this tax return, or if the tax return is hand
      carried to an office on or before the due date. The properly completed schedules and payment, when applicable, must
      accompany the signed return. A tax return is required even if there was no activity during the month. If the tax
      return is not timely filed, you are not entitled to the 2% collection allowance and will be billed for the
      collection allowance and all applicable penalty and interest.

      PENALTY AND INTEREST: Any Fuel Supplier or Dealer who fails to pay the tax when due, shall lose the 2%
      collection allowance and remit the tax on the gross tax rate. In addition, the Supplier or Dealer shall pay a penalty of
      ten percent (10%) of the amount due, plus interest at the rate of one percent (1%) per month, or fraction of a month,
      from the last day of the month following the period for which the amount, or any portion of the amount, should have
      been paid until the date of payment.

      SUPPORTING SCHEDULES: All applicable schedules and worksheets must be completed in full and attached to the
      tax return at the time of filing. You may copy these forms as needed or attach a computerized spreadsheet, as long
      as all the required fields in the proper order are represented on the spreadsheet. Failure to comply with this
      requirement may result in the imposition of Administrative fines and may begin progressive sanctioning
      actions.

      RECORDS: The records required to substantiate this return must be retained and available for review for at least four
      (4) years.

      Please keep a copy of this tax return and supporting schedules for your records.


SPECIFIC INSTRUCTIONS

      In recording gallons, round to whole gallons, eliminating any fraction less than one-half gallon, and increasing any
      fraction from one-half or more to the next higher gallon.

      Line 1:      Transfer the prior month’s ending inventory for each fuel type to this month's beginning inventory. No
                   exceptions.

      Line 2:      Transfer the total for each fuel type as recorded on the Receipt Summary, lines 6 & 12.

      Line 3:      Enter total gallons of Blend Products added to each fuel type as recorded on Worksheet 5.

      Line 4:      Enter total gallons of fuel in inventory as of the last day of the month. You must take a physical
                   inventory of your fuel storage facilities. This will be verified during an audit.

      Line 5:      Beginning Inventory (Line 1) plus Receipts (Line 2) plus Blend Products (Line 3) minus Ending Physical
                   Inventory (Line 4) equals Total Fuel to be Accounted For.

      Line 6:      Transfer the total for each fuel type as recorded on the Disbursement Summary, lines 1 & 8.




      MC038I (10/2005)
     Instructions: Fuel Supplier Tax Return                                                        Page 2 of 3
     Line 7:    Transfer the total for each fuel type as recorded on the Disbursement Summary, lines 7 & 14.

     Line 8:      Taxable Gallons Sold (Line 6) plus Non-Taxable Gallons Sold (Line 7) equals Total Fuel Disbursed.

     Line 9:      Same as Line 6, Taxable Gallons Sold.

     Line 10:     Net Tax Rate by Fuel Type.

     Line 11:     Taxable Gallons Sold (Line 9) times Net Tax Rate (Line 10) equals Net State Tax Collected.

     Line 12:     Total of Line 11, ALL COLUMNS

  SPECIAL NOTE: If any portion of Worksheets 1 - 5 are completed for reporting purposes, the specific
               worksheet(s) must be attached to the tax return when filed for the return to be considered
               correct and complete.

     Line 13:     Enter the total calculated on Worksheet 1, County Taxes, if applicable.

     Line 14:     Enter the total calculated on Worksheet 1a, Indexed Taxes, if applicable.

     Line 15:     Enter the total calculated on Worksheet 3, Jet Fuel Tax, State, if applicable.

     Line 16:     Enter the total calculated on Worksheet 3, Jet Fuel Tax, County, if applicable.

     Line 17:     Enter the total calculated on Worksheet 4, Aviation Fuel Tax, State, if applicable.

     Line 18:     Enter the total calculated on Worksheet 4, Aviation Fuel Tax, County, if applicable.

     Line 19:     Enter the total calculated on Worksheet 2, Inspection Fees, if applicable.

     Line 20:     Enter the total calculated on Worksheet 2, Clean-up Fees, if applicable.

     Line 21:     Total Lines 12 thru 20. This is your Total Net Tax Due, if the return is filed timely. If return is being filed
                  late go to Line 22.

     Line 22:     Enter the total gross tax due based on gross tax values for each tax type. Any Fuel Supplier or Dealer
                  who fails to pay the tax when due is not entitled to the 2% collection allowance and must remit the tax on
                  the gross tax rate.

     Line 23:     Any Fuel Supplier who fails to pay the tax when due, shall in addition to the tax, pay a penalty of ten-
                  percent (10%) of the amount of the tax. Enter the total penalty calculated from Total Tax Due, Line 22.

     Line 24:     Any Fuel Supplier who fails to pay the tax when due, in addition to the tax and the penalty assessed on
                  Lines 25 and 26, shall pay interest at the rate of one-percent (1%) per month, or fraction of a month,
                  from the last day of the month following the period for which the amount or any portion of the amount
                  should have been reported until the date of payment. Enter the amount of interest calculated from the
                  total on Line 22.

     Line 25:     Total Lines 22 thru 24. This is your Total Tax Due, if the return is being filed late.

     SIGNATURE:         An owner, partner, or corporate officer must sign the Fuel Supplier Tax Return. If the taxpayer
                        authorizes another person to sign the return, a power of attorney must be on file with Motor
                        Carrier. If different from preparer, enter contact person’s name and telephone number.


TAXPAYER ASSISTANCE:           For additional information regarding this tax return, please contact the Motor Carrier
                               Division; 555 Wright Way; Carson City, NV 89711-0600; telephone (775) 684-4711, ext. 2.



     MC038I (10/2005)

				
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